Major stock indexes ended the session nearly flat, as optimism about potential Federal Reserve rate cuts provided support, while a disappointing performance from Amazon weighed on market sentiment. […]
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Trump Hints at Picking Economic Adviser to Lead Fed
Former U.S. President Donald Trump hinted on Tuesday evening that he may nominate his top economic advisor, Kevin Hassett, to succeed Federal Reserve Chair Jerome Powell, whose term […]
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Goldman Sachs Expects Dollar to Weaken Amid Slowing Growth and Rising Rate Cut Bets
The American investment bank Goldman Sachs has released a new research note outlining its outlook for the U.S. dollar in the remainder of the year, forecasting a notable […]
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US Holiday Shoppers Boost Online Spending Despite Economic Concerns
American consumers appear undeterred by ongoing economic worries, turning to digital platforms for holiday purchases in strong numbers this season. Online spending surged as shoppers took advantage of […]
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Egypt Raises $961 Million from One-Year Dollar-Linked Treasury Bill Sale
The Central Bank of Egypt announced on Monday that it successfully raised 961 million U.S. dollars through the auction of one-year dollar-denominated treasury bills, with an average yield […]
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Black Friday Spending Shows Consumer Resilience Amid Economic Uncertainty
Black Friday consumer spending increased compared to the previous year, signaling continued purchasing power despite rising living expenses and uncertainties in the labor market. Preliminary data suggests that […]
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Global Manufacturing Contraction Deepens as Major Economies Report Declines
New economic data released Monday revealed a broad weakening in manufacturing activity across the world’s largest economies—the United States, Europe, and Asia—driven by soft domestic demand and uncertainty […]
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Cyber Monday Spending Expected to Hit Record High Amid Economic Uncertainty
Cyber Monday is projected to set a new benchmark for online consumer spending in the United States, despite broader economic concerns. Retail analysts anticipate that U.S. shoppers will […]
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Why Cyber Monday Spending Could Hit Record Highs Amid Economic Challenges
Cyber Monday is poised to see unprecedented consumer spending this year, even as economic headwinds such as inflation and rising interest rates persist. Despite concerns over financial instability, […]
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BOJ’s Ueda Signals Rate Hikes Won’t Derail Japan’s Economic Expansion
Bank of Japan Governor Kazuo Ueda indicated that potential interest rate increases would not hinder Japan’s ongoing economic recovery. In his remarks, Ueda emphasized that monetary policy adjustments […]